Warning to British firms as India’s UK investment rises

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MORE than 50 years after it gained independence, India is starting to loosen Britain’s financial sway over its former colony.

Kamal Nath, the Indian Commerce and Industry Minister, said yesterday that his country had become a net investor in Britain for the first time, after Indian investment in the UK exceeded the reciprocal flow from its former motherland in the year to March 31, 2005.

Buoyed by his country’s new-found confidence, based on 15 years of sustained economic growth, Mr Nath told The Times: “There is going to be a paradigm shift and companies in the UK and Europe are